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Economy

The reason, officials say, is that generous union contracts have made it financially impossible to keep enough officers on the street. So in November, Camden, which has already had substantial police layoffs, will begin terminating the remaining 273 officers and give control to a new county force. The move, officials say, will free up millions to hire a larger, nonunionized force of 400 officers to safeguard the city, which is also the nation’s poorest.

NIKE, Inc. (NYSE/NKE), the athletic shoe and apparel manufacturer, is also showing weakness in corporate earnings. The company’s 2013 fiscal earnings growth is expected to increase in the high single digits as compared to the previously forecast high teens. Why? NIKE, like other companies, is experiencing problems due to global economic slowdown and currency, commodity, and labor cost fluctuations.

1984: Soon after West German engineers visit the unfinished Bushehr nuclear reactor, Jane's Defence Weekly quotes West German intelligence sources saying that Iran's production of a bomb "is entering its final stages." US Senator Alan Cranston claims Iran is seven years away from making a weapon.

The newspaper said that senior American officials believe there is little disagreement between the Mossad and U.S. intelligence agencies over Iran’s nuclear program, despite the fact that Israeli political leaders have been pushing for quick action to block Iran from becoming what they describe as an existential threat.

"The latest study showed that data-poor fisheries operate with an average of 64 per cent of the fish required to yield the largest sustainable catch, much less than data-rich fisheries where the average fish population was 94 per cent of this optimum.

Research also found that among unassessed fisheries, the smaller operations were generally in worse condition than their larger counterparts, regardless of region.

The impact on food security is most significant for local-level fisheries in poorer countries, but this isn’t just a developing world problem,” said ecologist Sarah Lester. “Small, unassessed fisheries in the US and Europe are often in as bad a shape as those in the developing world.”

For years, the city’s chicken keepers have dabbled in a pastime of murky legality. In January, city council indefinitely deferred a vote that could have allowed residents to keep “backyard hens.” In practical terms, this means that the birds’ keepers – who include both Old Country and newly minted local-food fanatics – fly under the radar, unless their neighbours choose to squawk.

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